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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Workers Compensation Discount [Abstract]  
Summary of share-based compensation activity
Common stock option and restricted stock award activity under the Plan was as follows:
 
 
 
 
 
Options and RSAs Outstanding
 
 
 
Shares Available
 
Number of
 
Weighted Average Exercise
 
 
 
for Grant
 
Shares
 
Price Per Share
 
Balance at December 31, 2014
 
 
68,953
 
 
241,792
 
$
25.90
 
Authorized
 
 
170,000
 
 
-
 
$
-
 
Options granted
 
 
(530,813)
 
 
530,813
 
$
5.65
 
Options forfeited
 
 
69,870
 
 
(69,870)
 
$
10.59
 
Options expired
 
 
12,148
 
 
(12,148)
 
$
24.72
 
Options canceled
 
 
320,700
 
 
(320,700)
 
$
12.99
 
Restricted Stock granted
 
 
(39,427)
 
 
39,427
 
$
3.86
 
Restricted Stock vested
 
 
-
 
 
(39,427)
 
$
3.86
 
Balance at December 31, 2015
 
 
71,431
 
 
369,887
 
$
4.64
 
Authorized
 
 
250,000
 
 
-
 
$
-
 
Options granted
 
 
(305,000)
 
 
305,000
 
$
1.41
 
Options forfeited
 
 
153,095
 
 
(153,095)
 
$
3.10
 
Options expired
 
 
5,520
 
 
(7,020)
 
$
34.72
 
Balance at December 31, 2016
 
 
175,046
 
 
514,772
 
$
2.77
 
Total vested and expected to vest shares (options)
 
 
 
 
 
514,772
 
$
2.77
 
Total vested shares (options)
 
 
 
 
 
181,337
 
$
4.73
 
Outstanding options
The following table summarizes information with respect to stock options outstanding at December 31, 2016:
 
Options Outstanding
 
Options Vested
 
 
 
 
 
Weighted- 
 
 
 
 
 
Weighted- 
 
 
 
 
 
Average
 
Weighted- 
 
 
 
Average
 
Exercise
 
 
 
Remaining
 
Average
 
 
 
Exercise
 
Price Per
 
Shares
 
Contractual
 
Exercise
 
Shares
 
Price Per
 
Share
 
Outstanding
 
Life (Years)
 
Price
 
Exercisable
 
Share
 
$
1.41
 
 
305,000
 
 
9.55
 
$
1.41
 
 
30,210
 
$
1.41
 
$
3.10
 
 
182,528
 
 
8.79
 
$
3.10
 
 
123,883
 
$
3.10
 
$
5.60
 
 
2,500
 
 
0.33
 
$
5.60
 
 
2,500
 
$
5.60
 
$
11.40
 
 
17,674
 
 
0.33
 
$
11.40
 
 
17,674
 
$
11.40
 
$
30.40
 
 
7,070
 
 
0.33
 
$
30.40
 
 
7,070
 
$
30.40
 
 
 
 
 
514,772
 
 
8.80
 
$
2.77
 
 
181,337
 
$
4.73
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value of employee stock options granted was estimated using the following weighted-average assumptions for the twelve months ended December 31:
 
 
 
2016
 
2015
 
Expected volatility
 
 
68
%
 
67
%
Risk free rate
 
 
1.18
%
 
1.41
%
Dividend yield
 
 
0
%
 
0
%
Expected term (in years)
 
 
5.70
 
 
5.57
 
Schedule Of Stock Based Compensation Of Employees And Non Employees
Stock-based compensation for employees and non-employees related to options and RSAs recognized:
 
 
 
For the twelve months ended
 
For the twelve months ended
 
 
 
December 31, 2016
 
December 31, 2015
 
General and administrative
 
$
566,677
 
$
1,147,374